UAE. Global markets hit record highs at the end of the week, driven by better than expected earnings in some of the Tech stock names. On the regional front, three out of the seven indices ended the week marginally up, while four were in red.

Bahrain, Abu Dhabi and Kuwait ended the week on a positive note with each increasing by +0.6%, +0.4% and +0.2%, respectively.

Dubai came across as the worst performer among its peers on a weekly basis, declining by -1.8%, wherein most of the decline was attributed to the special dividend distributed by the index heavy weight Emaar Properties. Egypt followed, coming in the second place with a loss of -1.6%, while Oman and Saudi each lost -0.3% and 0.2%, respectively. Crude oil prices continued the upward trend ending the week at USD70.52 per barrel, an increase of +5.47% YTD.

Regional markets’ trading activities in the coming period will be positively affected by the continuing upward movements in oil prices coupled with companies’ earnings releases and dividends payments.

Indexes

Last

WTD(%)

MTD(%)

YTD(%)

Dubai(DFMGI)

3,468.65

-1.77%

2.93%

2.93%

AbuDhabi(ADSMI)

4,643.54

0.39%

5.57%

5.57%

Saudi(SASEIDX)

7,521.64

-0.23%

4.09%

4.09%

Kuwait(KWSE)

6,651.91

0.19%

3.81%

3.81%

Egypt(EGX30)

15,170.73

-1.56%

1.01%

1.01%

Qatar(DSM)

9,459.61

2.82%

10.98%

10.98%

Bahrain(BHSEIDX)

1,341.77

0.65%

0.76%

0.76%

Oman(MSM30)

5,007.77

-0.32%

-1.79%

-1.79%

TR GCC(Reuters)

203.33

0.59%

6.42%

6.42%

DJMENA

526.67

0.00%

0.00%

0.00%

Commodities&FX

Last

WTD(%)

MTD(%)

YTD(%)

Oil(Brent)

70.52

2.78%

5.46%

5.46%

NaturalGas

3.51

10.05%

18.69%

18.69%

Gold

1349.76

1.38%

3.63%

3.63%

Silver

17.39

2.29%

2.62%

2.62%

EURUSD

1.24

1.63%

3.53%

3.53%

GBPUSD

1.42

2.30%

4.85%

4.85%

USDJPY

108.70

-1.86%

-3.52%

-3.52%

USDCHF

0.93

-3.04%

-4.19%

-4.19%

AUDUSD

0.81

1.49%

3.95%

3.95%

USDCAD

1.23

-1.43%

-2.13%

-2.13%

About Al Masah CapitalAl Masah Capital is one of the fastest growing alternative asset management and advisory firms focused on the MENA and SEA regions. Established in 2010 Al Masah Capital provides tailored solutions to a broad investor base, offering private equity advisory (across Healthcare, Education, Food & Beverages, Logistics and other consumer driven sectors), asset management, corporate and real estate advisory as well as public market research services.

With operations in Dubai, Abu Dhabi and Singapore, Al Masah advises qualifying investors on growth opportunities in 13 focus markets in MENA and South East Asia.

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